Helping you realize your dreams! Purchase of residential plot (land) and to construct a residential building, Individual houses / Residential apartments. Bungalow / Apartment constructed by builders/ developers.
Last Updated Date: May 17, 2022
Global Bank Limited (GBL) was established in 2007 as an ‘A’ class commercial bank in Nepal which provided entire commercial banking services with the largest capital base at the time with paid up capital of NPR 18.97 billion. Global Bank was renamed to Global IME Bank after merger with Reliable Development Bank ,Pacific Development Bank , Social Development Bank , Gulmi Bikas Bank, IME Finance, Lord Buddha Finance, and Commerz and Trust Bank). Global IME bank is currently trading in Nepal Stock Exchange with symbol GBIME. GBIME has provided a dividend return of 16 percent in fiscal year 2074/75. Global IME Bank Limited has appointed Global IME Capital Limited (Elite) as it’s share registrar. As a section of financial inclusion, Global IME Bank addressed a new strategy of launching branchless banking providers in the most remote part of the country where presence of economic institutions are very less in number or aren’t present at all . Within 8 years of the period the bank has already launched 218 branchless banking offerings catering more than 41,000 customers on their each day deposits and withdrawals. Their branchless banking areas additionally offer micro lending facility to small farmers and businessmen. The bank has different pursuits in hydro power, manufacturing, textiles, service industry, aviation, exports, trading and microfinance tasks. GIBL has been conferred with “The Bank of the Year Award 2014” for Nepal by the Bankers Magazine (Publication of the Financial Times, UK), “Best Internet Bank 2016- Nepal” by International Finance Magazine, London and “Best Employer Award 2018” by way of World HRD Congress, India.
Financing services by requiring the following documents for the appropriate individuals:
A home loan is an amount of money that an individual borrows from a bank or money lending company at a certain rate of interest to be paid with the EMI every month. The property is taken as a security by the money lending company for the Home Loan. A home mortgage is a loan given by a bank, mortgage company or other financial institution for the purchase of a residence—either a primary residence, a secondary residence, or an investment residence—in contrast to a piece of commercial or industrial property. In a home mortgage, the owner of the property (the borrower) transfers the title to the lender on the condition that the title will be transferred back to the owner once the final loan payment has been made .
To obtain a mortgage, the person seeking the loan must submit an application and information about his or her financial history to a lender, which is done to demonstrate that the borrower is capable of repaying the loan. Sometimes, borrowers look to a mortgage broker for help in choosing a lender.
The process has several steps. First, borrowers might seek to be pre-qualified. Getting pre-qualified involves supplying a bank or lender with your overall financial picture, including your debt, income, and assets. The lender reviews everything and gives you an estimate of how much you can expect to borrow. Getting preapproved is the next step. You must complete an official mortgage application to be preapproved, and you must supply the lender with all the necessary documentation to perform an extensive check on your financial background and current credit rating.
After you've found a residence you want, the final step in the process is a loan commitment, which is only issued by a bank when it has approved you as the borrower, as well as the home in question—meaning that the property is appraised at or above the sales price. When the borrower and the lender have agreed on the terms of the home mortgage, the lender puts a lien on the home as collateral for the loan. This lien gives the lender the right to take possession of the house if the borrower defaults on the repayments.